Vince Hoehn of CENTURY 21 Pierce Realty LLC, Manitowish Waters, WI

In January I compiled, graphed,and posted 4th quarter aggregate real estate sales statistics for Manitowish Waters, Mercer, Presque Isle, Winchester, Lac du Flambeau, Boulder Junction, Oma and Sherman.  Today I am compiling 1st quarter sales statistics for those same communities for the years 2001 - 2010.  The data comes from the ...

As graphical representation of data for a post on my Northwoods real estate outlook for 2010 earlier this month, I charted 4th quarter closings of the sale of single family homes in the years 2006-2009.  This chart represented closings throughout the entire Greater Northwoods Multiple Listing Service.  If one attempts ...

It's time to make some predictions about how the real estate market will fare in Wisconsin's Northwoods in 2010.  My crystal ball is just as murky as the ones belonging to all the other prognosticators, and my forecasts may be worth only what you are paying for it, but here goes:Even though mortgage rates have trended down ...

Tuesday the sale of this home on Island Lake right here in Manitowish Waters closed.  It originally went on the market back in 2005 with a list price of $1.8M.  Four bedrooms, four baths, and 450 feet of sand frontage.  A nice property, to be sure. The last four years the property has been marketed by several brokers ...

Following up on my previous post, here are additional statistics form the National Association of REALTORS Profile of Home Buyers and Sellers 2009:Forty-seven percent of recent home buyers were first-time buyers.The typical first-time buyer was 30 years old, while repeat buyers averaged 48 years old.Twenty-one percent of recent home ...

Last Saturday fourteen properties that are/were part of a large estate on Rest Lake of the Manitowish chain were auctioned off.  The foreclosure judgement in the amount of $4.6M was entered into last year; attempts to sell the property before and after foreclosure have been unsuccessful. (See my blog post of April 20th.) Of the properties up ...

Time to review what has sold in the last 12 months and see if we can glean anything useful from the information.  First, let's look at the Manitowish chain.  In the last 12 months, the sales of seven properties have closed; three lake lots and four lake homes.  Think you know how much a foot of lake frontage on the ...

A good portion of the real estate market in Manitowish Waters is in second (vacation and investment) homes.  As a mater of fact, the second home market quite possibly exceeds the market for primary residences in units and dollar value in Manitowish Waters, Presque Isle, Boulder Junction, and a number of other northwoods ...

Even though spring is here, we have not yet entered what we consider the "prime selling season " here in the land of northwoods lakes -- that starts in June about the time the school term ends.  And the prime season is a short one, as it is pretty much wrapped up by late October.  Buyers, sellers, and their ...

Time to look at some 1st quarter sales statistics. People want to know “How’s business?”, and rather than just answering “Slow, but even in a good year, sales, especially of waterfront property are slow this time of year”, let’s compare to years past. The following tables show 1st quarter sales in units for ...